Uganda buys far more from foreign countries than it sells abroad, creating a massive $4.6 billion trade gap. Because international sellers only accept US dollars, local traders are constantly scrambling to buy greenbacks, driving the dollar’s value up and shilling down.
"It is very sad to learn of the death of our brother Hon. Charles Matovu, former Member of Parliament for Busiro South, who passed on yesterday. Hon. Matovu represented his people with vigor and utmost dedication in the 11th Parliament. He was a member of the Parliamentary football team, where his tremendous contribution led us to dominate the East African Parliamentary games. My condolences go out to his family, the people of Busiro South, and the country at large. May he rest in eternal peace., Tayebwa said.
Uganda has emerged as a premier investment destination, recently recognized as the Best in Africa at the Annual Investment Meeting (AIM) in the United Arab Emirates (UAE).
The leaders and people of Karamoja have demonstrated unity, strong leadership, and a genuine enthusiasm for development and socio-economic transformation.
"Concerns have been raised about power dynamics within the PDCs, with some members exerting undue influence and pressuring beneficiaries for personal gain."
"Part of the problem with Africans is that they look at the Army as a job. The Army is not a job; it’s an obligation to defend your country. When you are defending your country, it’s not a job. Don’t bring careerism in the Army. You have an obligation to defend the country."